The Business Of Porn Brings Down A CEO

from the but-why? dept

If you follow e-commerce or payment processing systems at all, you've probably known for years that iBill's main business was processing payments for porn sites. This wasn't particularly secret information. However, the CEO of the company that bought iBill is now in trouble for hiding the porn aspect of the business. It's not entirely clearly what the big deal is. First off, as mentioned, iBill's business wasn't at all secret. Second, if the company made a conscious decision to get into the business (and it apparently does generate plenty of cash), what's the problem? They don't seem to be accused of doing anything illegal. There are plenty of perfectly legitimate businesses out there that make money from porn. It's certainly an investors right not to invest in such companies (and the CEO, in this case, should have been much more forthcoming about how much of iBill's business was porn), but why is this such a big deal?

Reader Comments

Subscribe: RSS

View by: Time | Thread

  1. identicon
    Mikester, 9 Jun 2004 @ 4:43pm

    Maybe other CEOs should get in trouble too

    Many, many Fortune 500 companies profit from porn. Comcast, Viacom, Time-Warner, all profit from porn Pay-Per-View. I'm sure these companies profit quite handsomely (though they don't separate these profits in their statements, of course) from their own porn services.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here

Subscribe to the Techdirt Daily newsletter

Comment Options:

  • Use markdown. Use plain text.
  • Remember name/email/url (set a cookie)

Follow Techdirt
Special Affiliate Offer

Report this ad  |  Hide Techdirt ads
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Chat
Report this ad  |  Hide Techdirt ads
Recent Stories
Report this ad  |  Hide Techdirt ads


Email This

This feature is only available to registered users. Register or sign in to use it.